2025-12-09T11:52:00-06:00 2025-06-30 341874260 CBIZ ADVISORS LLC 700 WEST 47TH STREET SUITE 1100 KANSAS CITY MO 64112 990 2024-07-01 592783821 FLORIDA EDUCATION FUND INC FLOR 8132722772 201 E KENNEDY BLVD 1525 TAMPA FL 33602 DR LAWRENCE MOREHOUSE PRESIDENT & CEO 8132722772 2025-12-08 1 1 LISA BURKE P00220718 8169455500 2024 2025-03-06 01:10:19Z DR LAWRENCE MOREHOUSE 201 E KENNEDY BLVD 1525 TAMPA FL 33602 15141697 0 X FEFONLINE.ORG X 1984 FL TO PROMOTE GREATER INSTITUTIONAL AND EDUCATIONAL ADVANCEMENT 9 9 19 22 0 0 4297294 4384217 46550 36845 906637 1193396 2581 2521 5253062 5616979 2598210 2272149 0 0 1045156 1306130 0 0 20244 840656 720462 4484022 4298741 769040 1318238 30686094 34925689 1613458 1427639 29072636 33498050 X TO STRENGTHEN THE LARGER COMMUNITY BY DEVELOPING AND IMPLEMENTING PROGRAMS AND SERVICES THAT LEAD TO INSTITUTIONAL ENHANCEMENT AND GREATER EDUCATIONAL ADVANCEMENT. 0 0 2745979 2033789 31345 MCKNIGHT DOCTORAL FELLOWSHIP PROGRAM:GRADUATION AND RETENTION RATESESTABLISHED IN 1984, THE FLORIDA EDUCATION FUND'S MCKNIGHT DOCTORAL FELLOWSHIP PROGRAM HAS INCREASED THE NUMBER OF SCHOLARS WHO HAVE BEEN AWARDED THE PH.D. IN CRUCIAL DISCIPLINES AND FIELDS OF STUDY. SOME 1,711 FELLOWSHIPS HAVE BEEN AWARDED TO SCHOLARS PURSUING THE PH.D. DEGREE AND THE PROGRAM ENJOYS AN IMPRESSIVE NEAR 87% RETENTION RATE WHICH INCLUDED 360 MATRICULATING FELLOWS AND 1,126 GRADUATES.(CONTINUED ON SCHEDULE O)PRESENTLY 81 FELLOWS HAVE ADVANCED TO CANDIDACY. 55 FELLOWS GRADUATED IN 2024. 19 FELLOWS GRADUATED SINCE JANUARY 2025. 39 NEW MCKNIGHT FELLOWSHIPS AND 7 DISSERTATION FELLOWSHIPS WERE AWARDED FOR FALL 2025 TO STUDENTS PURSUING STUDIES AT ONE OF 9 INSTITUTIONS IN THE STATE OF FLORIDA. EACH FELLOWSHIP CONSISTS OF TUITION, FEES, AND STIPEND.PROFESSIONAL DEVELOPMENT ACTIVITYIN ADDITION, DURING THE 2024-25 ACADEMIC YEAR, WE OFFERED FELLOWS OUR OWN PROFESSIONAL DEVELOPMENT WORKSHOPS AS WELL AS TRAVEL GRANTS FOR THEM TO ATTEND PROFESSIONAL CONFERENCES TO FACILITATE THEIR RESEARCH AND PUBLICATION EFFORTS. PRESENTING PAPERS AT PROFESSIONAL CONFERENCES NOT ONLY PROMOTES NETWORKING OPPORTUNITIES FOR JOB PLACEMENT BUT ALSO ALLOWS THE FELLOWS TO RECEIVE PROFESSIONAL FEEDBACK ON THEIR RESEARCH PROJECTS. FREQUENTLY, PARTICIPATING IN THESE TYPES OF CONFERENCES MAY ALSO LEAD TO COLLABORATION OPPORTUNITIES ON IMPORTANT CUTTING-EDGE RESEARCH PROJECTS. WE EXPANDED OUR WRITING SUPPORT SERVICES TO INCLUDE NOT ONLY PROFESSIONAL DEVELOPMENT WRITING WORKSHOPS FOCUSING ON JOURNAL AND MANUSCRIPT PUBLICATIONS, BUT ALSO EDITORIAL ASSISTANCE ON GRANT PROPOSALS, CONFERENCE PAPERS, AND REPORTS. THESE SERVICES ALLOW SCHOLARS TO WORK WITH PROFESSIONAL EDITORS TO HELP IMPROVE WRITING MECHANICS AND CONTEXTUAL ORGANIZATION, AS WELL AS CONNECT STUDENTS TO CONTENT EXPERTS IN SPECIFIC DISCIPLINES.TO REMAIN CONTEMPORARY, WE EXPANDED OUR CONFERENCE PRESENTATIONS TO INCLUDE A SERIES OF SPECIAL TOPIC PANEL DISCUSSIONS ON BEST PRACTICES FOR COMPREHENSIVE EXAM PREPARATION AND DISSERTATION DEFENSES AND PROVIDED PRESENTATIONS ON THE SIGNIFICANCE OF ARTIFICIAL INTELLIGENCE AND THE IMPACT OF NEW TECHNOLOGIES ON BOOK AND JOURNAL PUBLICATION PROCESSES.FURTHERMORE, TO ENSURE OUR SCHOLARS TAKE FULL ADVANTAGE OF AMERICA'S GROWING JOB MARKETS AND TO PROVIDE ADEQUATE EXPOSURE TO COLLEGES AND UNIVERSITIES, GOVERNMENTAL AGENCIES, NOT-FOR-PROFIT THINK TANKS, AND PRIVATE SECTOR CORPORATE JOBS, WE EXPANDED OPPORTUNITIES FOR JOB MARKET EXHIBITORS AND RECRUITERS TO MEET OUR SCHOLARS DURING OUR ANNUAL GRADUATE SCHOOL CONFERENCES. 694940 208360 5500 CENTERS OF EXCELLENCE:ESTABLISHED IN 1985, THE CENTERS OF EXCELLENCE (COE'S OR CENTERS) ARE COMMUNITY-BASED INITIATIVES WHOSE MISSION IS TO IDENTIFY AND MOTIVATE ELEMENTARY AND SECONDARY STUDENTS AND ULTIMATELY INCREASE THE POOL OF STUDENTS MOTIVATED AND QUALIFIED TO ENTER COLLEGE. THIS MISSION INCLUDES A) ASSUMING A MORE PROACTIVE STANCE IN THE EDUCATION OF YOUTH; B) EMPLOYING THE DEVELOPMENT OF A GROUP ACHIEVEMENT MODEL FOR ELEMENTARY AND SECONDARY STUDENTS; AND C) INCREASING THE POOL OF STUDENTS WHO ARE PREPARED, MOTIVATED AND QUALIFIED TO ENTER HIGHER EDUCATION.(CONTINUED ON SCHEDULE O)TEN CENTERS THROUGHOUT FLORIDA HAVE INDUCTED APPROXIMATELY 24,500 HIGH ACHIEVING STUDENTS INTO THE NATIONAL ACHIEVERS SOCIETY. APPROXIMATELY 21,800 STUDENTS HAVE COMPETED IN THE ANNUAL BRAIN BOWL SCHOLARSHIP COMPETITIONS. APPROXIMATELY 12,300 HAVE PARTICIPATED IN SAT PREPARATION AND/OR COMPUTER PROGRAMMING COURSES, AFTER SCHOOL PROGRAMS AND SUMMER CAMPS. 64096 30000 0 MCKNIGHT JUNIOR FACULTY FELLOWSHIP PROGRAM:THE MCKNIGHT JUNIOR FACULTY FELLOWSHIP PROGRAM PROMOTES EXCELLENCE IN TEACHING AND RESEARCH. TO IMPROVE THEIR CHANCES OF EARNING TENURE AND PROMOTION, FELLOWS RECEIVE A ONE-YEAR SABBATICAL WITH FULL SALARY AND BENEFITS. DURING THE SABBATICAL, FELLOWS ARE REQUIRED TO ENGAGE IN RESEARCH AND TRAINING PROJECTS DIRECTLY RELATED TO THEIR EFFORTS TO SECURE TENURE AND PROMOTION. WHILE THE PARTICIPATING UNIVERSITY PAYS THE FELLOW'S SALARY, THE FEF PAYS THE UNIVERSITY $15,000 TO ASSIST WITH NECESSARY TEACHING REPLACEMENTS AND SUPPORT COSTS. SINCE 1984, THE FEF HAS AWARDED 262 JUNIOR FACULTY FELLOWSHIPS.(CONTINUED ON SCHEDULE O)THIS INCLUDES 6 NEW JUNIOR FACULTY FELLOWSHIPS FOR THE 2025-2026 ACADEMIC YEAR. OF THE 262 FELLOWS AWARDED SINCE 1984, 114 HAVE OBTAINED TENURE OR PROMOTION OR HAVE EARNED DOCTORAL DEGREES. 3505015 1 1 0 1 0 0 0 0 0 0 1 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 33 0 1 19 1 0 0 0 0 0 0 0 0 0 0 0 0 X 9 9 0 0 0 0 0 1 0 1 1 0 0 0 1 1 1 1 0 1 0 0 FL X NATOYA MARTIN FINANCE MANAGER 8132722772 201 E KENNEDY BLVD STE 1525 TAMPA FL 33602 DR ROBERT LNIXON BOARD CHAIR 0.32 X X 0 0 0 DR SYLVIA WILSON THOMAS SECRETARY/TREASURER 0.32 X X 0 0 0 DR CASTELL V BRYANT MEMBER 0.32 X 0 0 0 DR DOVIE GAMBLE MEMBER 0.32 X 0 0 0 DR JAFFUS HARDRICK MEMBER 0.32 X 0 0 0 CAROLYN LAWSON MEMBER 0.32 X 0 0 0 DR SHANDALE TERRELL MEMBER 0.32 X 0 0 0 PHILIPPE VILLAIN MEMBER 0.32 X 0 0 0 DR CLAUDE VILLERS MEMBER 0.32 X 0 0 0 DR LAWRENCE MORESHOUSE PRESIDENT & CEO 40.00 X 295793 0 42889 LYRA LOGAN VP/GENERAL COUNSEL 40.00 X 242559 0 53907 NATOYA MARTIN FINANCE MANAGER 40.00 X 91760 0 15167 630112 0 111963 2 0 1 0 0 48334 4123802 212081 4384217 ANNUAL MEETINGS 611710 31345 31345 CENTERS OF EXCELLENCE 611710 5500 5500 36845 619584 619584 10098530 9524718 573812 573812 573812 2521 2521 2521 5616979 36845 0 1195917 191460 191460 2080689 2080689 751479 468633 274420 8426 357983 301491 51390 5102 68407 44565 22125 1717 69979 51522 16733 1724 58282 44438 12941 903 30000 30000 41077 32628 8047 402 209424 209424 152600 49054 103546 170 170 90830 68617 21702 511 39754 39264 490 62285 58265 4020 2824 477 2347 1957 1582 354 21 88700 71660 16092 948 841 500 341 4298741 3505015 773482 20244 1163137 821614 74345 197071 9419 13732 88444 81638 2370 6806 29354457 33824453 82366 62013 30686094 34925689 694496 725617 897160 679884 21802 22138 1613458 1427639 X 28941976 33350885 130660 147165 29072636 33498050 30686094 34925689 X 1318238 3111800 -4624 X X 0 1 X 1 0 X 4456743 4586641 4641545 4297294 4384217 22366440 4456743 4586641 4641545 4297294 4384217 22366440 1012687 21353753 367890 355435 483015 598423 619584 2424347 24790787 159254 0.86140 0.85340 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 0 4298741 4298741 364937 91234 0 0 351733 375952 374201 364937 1466823 2200235 87933 93988 93550 91234 366705 550058 65812 60318 5494 22632 21320 1312 6806 LEASE LIABILITY 22138 22138 X 8519355 3111800 3111800 5407555 209424 209424 5616979 4093941 9824 9824 4084117 209424 5200 214624 4298741 PART X, LINE 2: FLORIDA EDUCATION FUND, INC. IS GENERALLY EXEMPT FROM FEDERAL INCOME TAXES ON RELATED INCOME UNDER SECTION 501(A) OF THE INTERNAL REVENUE CODE AS AN ORGANIZATION DESCRIBED IN SECTION 501(C)(3). FEF'S INCOME TAX FILINGS FOR THE YEAR ENDED JUNE 30, 2022 AND THEREAFTER REMAIN SUBJECT TO EXAMINATION. PART XII, LINE 2D - OTHER ADJUSTMENTS: WRITE OFF OF UNCOLLECTIBLE GRANTS 9,824. PART XII, LINE 4B - OTHER ADJUSTMENTS: BRAIN BOWL SCHOLARSHIPS 5,200. 1 ATLANTIC COAST CENTER OF EXCELLENCE 560 NW 27TH AVE FT LAUDERDALE FL 33311 501(C)(3) 26000 0 N/A N/A TO MOTIVATE STUDENTS TO PREPARE FOR COLLEGE - SEE FORM 990, PART III, LINE 4B NORTH FLORIDA CENTER OF EXCELLENCE 372 W DUVAL ST LAKE CITY FL 320553990 501(C)(3) 26000 0 N/A N/A SAME AS ABOVE PALM BEACH COUNTY CENTER OF EXCELLENCE 1700 N AUSTRALIAN AVE WEST PALM BEACH FL 33407 501(C)(3) 15000 0 N/A N/A SAME AS ABOVE PASCO-HERNANDO CENTER OF EXCELLENCE 10230 RIDGE RD NEW PORT RICHEY FL 346545199 501(C)(3) 12500 0 N/A N/A SAME AS ABOVE SANTA FE COMMUNITY COLLEGE CENTER OF EXCELLENCE 3000 NW 84TH ST BLDG I ROOM 41 GAINESVILLE FL 32606 501(C)(3) 12960 0 N/A N/A SAME AS ABOVE SOUTH FLORIDA CENTER OF EXCELLENCE 11200 SW 8TH ST MARC 430 MIAMI FL 33199 501(C)(3) 26000 0 N/A N/A SAME AS ABOVE ST PETERSBURG COLLEGE CENTER OF EXCELLENCE 13805 58TH ST N LARGO FL 33760 501(C)(3) 21000 0 N/A N/A SAME AS ABOVE TALLAHASSEE AREA COALITION CENTER OF EXCELLENCE 2757 W PENSACOLA ST TALLAHASSEE FL 32304 501(C)(3) 26000 0 N/A N/A SAME AS ABOVE UNIVERSITY OF CENTRAL FLORIDA CENTER OF EXCELLENCE 601 W LIVINGSTON ST STE 105 ORLANDO FL 32801 501(C)(3) 26000 0 N/A N/A SAME AS ABOVE 9 0 MCKNIGHT JUNIOR FACULTY FELLOWSHIPS 2 30000 N/A N/A MCKNIGHT DOCTORAL FELLOWSHIPS 227 2016162 0 N/A N/A COE SCHOLARSHIPS 4 2500 0 N/A N/A BRAIN BOWL SCHOLARSHIPS 36 14400 0 N/A N/A DISSERTATION SUPPORT - ASSISTANCE - RESEARCH PROJECT EXPENSES 24 17627 0 N/A N/A PART I, LINE 2: CENTERS OF EXCELLENCE (COE): BUDGET TO ACTUALS SCHEDULES ARE MAINTAINED BY THE COE PROGRAM COORDINATOR AND THE FINANCE MANAGER. EACH QUARTER, INVOICES ARE PREPARED BY THE PROGRAM COORDINATOR. THE INVOICES ARE THEN REVIEWED AND APPROVED THE PROGRAM MANAGER AND THEN SENT TO THE PRESIDENT FOR FINAL APPROVAL. THE PRESIDENT THEN SENDS THESE INVOICES TO THE ACCOUNTING DEPARTMENT FOR PROCESSING. FELLOWSHIPS AND SCHOLARSHIPS: BUDGET TO ACTUAL SCHEDULES ARE MAINTAINED BY THE MDF PROGRAM MANAGER, MJFF PROGRAM MANAGER AND THE FINANCE MANAGER. WHEN INVOICES ARE RECEIVED FROM THE VARIOUS UNIVERSITIES, THESE INVOICES ARE CHECKED OFF AGAINST THE ORIGINAL FUNDING LETTERS THAT WERE SIGNED AND SENT TO THE UNIVERSITIES. THE INVOICES ARE THEN PROCESSED AND SIGNED BY EITHER THE MDF OR MJFF PROGRAM MANAGER. THE BUDGET TO ACTUAL SCHEDULE AND THE ORIGINAL FUNDING LETTER IS ATTACHED TO THE INVOICE AND GIVEN TO THE PRESIDENT FOR APPROVAL. ONCE APPROVED, THE PRESIDENT SENDS THE INVOICE TO THE ACCOUNTING DEPARTMENT FOR PROCESSING. THE ACCOUNTING DEPARTMENT UPDATE THEIR BUDGET TO ACTUAL SCHEDULE WITH THE INFORMATION AND THEN PREPARES CHECK FOR MAILING. X X 0 0 0 1 0 0 0 1 0 DR LAWRENCE MORESHOUSE PRESIDENT & CEO 209351 0 71442 0 15000 0 26854 0 16035 0 338682 0 0 0 LYRA LOGAN VP/GENERAL COUNSEL 231059 0 11500 0 0 0 24256 0 29651 0 296466 0 0 0 PART I, LINE 5 UNDER THE TERMS OF THE CEO EMPLOYMENT CONTRACT, THERE IS POTENTIAL FOR BONUSES BASED ON THE AMOUNT OF FUNDS RAISED FROM THE PRIVATE SECTOR. PART I, LINE 7 THE CEO'S EMPLOYMENT AGREEMENT SETS FORTH THE GOALS AND OBJECTIVES TO BE ACCOMPLISHED DURING THE CONTRACT PERIOD. THE CEO IS PROVIDED AN ANNUAL BONUS AT THE DISCRETION OF THE EXECUTIVE COMMITTEE BASED ON THEIR EVALUATION OF HIS ACCOMPLISHMENTS AND SERVICE PROVIDED FOR THE YEAR UNDER EVALUATION. UNDER THE EMPLOYMENT CONTRACT, THERE IS POTENTIAL FOR ADDITIONAL BONUSES BASED ON THE AMOUNT OF FUNDS RAISED FROM THE PRIVATE SECTOR. AN EXECUTIVE COMPENSATION MEETING IS HELD IN DECEMBER EACH YEAR. THE CEO PROVIDES THE COMMITTEE WITH HIS SERVICE ACCOMPLISHMENTS FOR THE YEAR. COMMITTEE MEMBERS EVALUATE HIS PERFORMANCE TO DETERMINE THE BONUS AMOUNT AND TERMS OF EMPLOYMENT, INCLUDING UPDATED GOALS AND OBJECTIVES, FOR THE NEW CONTRACT PERIOD. FORM 990, PART VI, SECTION A, LINE 1A THE EXECUTIVE COMMITTEE, COMPRISED OF THE BOARD CHAIR, VICE CHAIR, SECRETARY-TREASURER, AND STANDING COMMITTEE CHAIRMEN, MANAGES THE AFFAIRS OF THE FUND BETWEEN BOARD MEETINGS. THE COMMITTEE IS RESPONSIBLE FOR THE OBSERVANCE OF POLICIES AND ADMINISTRATION OF PROGRAMS APPROVED BY THE BOARD OF DIRECTORS. THE EXECUTIVE COMMITTEE DOES NOT HAVE THE AUTHORITY TO ELECT OFFICERS OR ADOPT A BUDGET. FORM 990, PART VI, SECTION A, LINE 7A FLORIDA EDUCATION FUND WAS FORMED UNDER FLORIDA STATUTES. UNDER THE STATUTES, STATE GOVERNING BODIES HAVE THE POWER TO APPOINT CERTAIN MEMBERS OF THE BOARD. - TWO (2) MEMBERS MAY BE APPOINTED BY THE GOVERNOR; - TWO (2) MEMBERS MAY BE APPOINTED BY THE PRESIDENT OF THE SENATE; - TWO (2) MEMBERS MAY BE APPOINTED BY THE SPEAKER OF THE HOUSE OF REPRESENTATIVES; AND - TWO (2) REPRESENTATIVES OF STATE UNIVERSITIES, TWO (2) REPRESENTATIVES OF FLORIDA COLLEGE SYSTEM INSTITUTIONS, AND TWO (2) REPRESENTATIVES OF INDEPENDENT COLLEGES OR UNIVERSITIES APPOINTED BY THE STATE BOARD OF EDUCATION. THE BOARD OF DIRECTORS APPOINTS ADDITIONAL MEMBERS FROM THE PRIVATE SECTOR. FORM 990, PART VI, SECTION B, LINE 11B FORM 990 IS REVIEWED BY THE FINANCE OFFICE AND PRESIDENT & CEO PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C ALL OFFICERS, DIRECTORS, AND EMPLOYEES ARE REQUIRED TO DISCLOSE ANY ACTUAL OR POTENTIAL CONFLICTS OF INTEREST IMMEDIATELY UPON DISCOVERY. RECORDS ARE UPDATED AND MAINTAINED BY THE CEO ON A CONTINUAL BASIS. NO CONFLICTS WERE REPORTED DURING THE 2024-2025 FISCAL YEAR. FORM 990, PART VI, SECTION B, LINE 15A THE EXECUTIVE COMMITTEE MEETS ON AN ANNUAL BASIS TO DETERMINE AND APPROVE THE COMPENSATION OF THE ORGANIZATION'S CEO BASED ON COLA AND PERFORMANCE. OTHER EMPLOYEE COMPENSATION IS DETERMINED BY THE CEO. THE ORGANIZATION PREPARES A SALARY COMPARISON TO ALLOW EVALUATION OF EACH POSITION WITH THE AVERAGE SALARY FOR SIMILAR JOBS IN THE SAME INDUSTRY. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION'S GOVERNING DOCUMENTS AND CONFLICT OF INTEREST POLICY ARE MADE AVAILABLE TO THE PUBLIC UPON REQUEST. FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC VIA A PUBLISHED ANNUAL REPORT. FORM 990, PART XI, LINE 9: WRITE OFF OF LAPSED BRAIN BOWL SCHOLARSHIPS 5,200. WRITE OFF OF UNCOLLECTIBLE GRANTS -9,824. FORM 990, PART XII, LINE 2C: THE BOARD FINANCE AND INVESTMENT COMMITTEE IS RESPONSIBLE FOR OVERSIGHT OF THE AUDIT AND SELECTION OF THE INDEPENDENT CERTIFIED PUBLIC ACCOUNTANT. UPON COMPLETION, THE AUDIT REPORT IS PRESENTED TO THE FULL BOARD OF DIRECTORS FOR FINAL APPROVAL. THIS PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR.